Nintendo of Korea Lays Off Almost 80% Of Its Workforce

Loads of restructuring going on.

Posted By | On 28th, Mar. 2016

Nintendo

Korea is an extremely lucrative gaming market- but not for dedicated game consoles or handhelds. The market thrives on the games as services model, with titles like Starcraft or League of Legends, and MMORPGs like Lineage ruling the roost there. It should, therefore, come as no surprise to anybody that Nintendo’s Korean branch has struggled to crack the market- and that that is now taking its toll on the company workforce, as the company’s Korean subsidiary is laying off as many as 80% of its employees.

That represents a reduction of employees from over 60 to just 10- and according to a source, Nintendo of Korea is looking to relocate to an office to outside of Seoul. However, the upper management seems to be insulated from all these changes, as Fukuda Hiroyuki will remain as CEO of Nintendo of Korea.

With the launch of the Nintendo NX coming up, as well as several high profile games like Pokemon Sun and Moon and The Legend of Zelda, Nintendo is doubtless desperate to get its Korean strategy in place in time- but what that will entail, it remains to be seen.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Cyberpunk 2077 and Phantom Liberty Have Generated Roughly $750 Million in Revenue

Cyberpunk 2077 and Phantom Liberty Have Generated Roughly $750 Million in Revenue

In 2023, the action RPG and its expansion raked in roughly $206 million in revenue, CD Projekt has revealed.

The Witcher 4 Has Over 400 Developers Working on it, Still in Pre-Production

The Witcher 4 Has Over 400 Developers Working on it, Still in Pre-Production

Meanwhile, Cyberpunk 2 and Fool's Theory remake of the first Witcher are both in the concept stage of producti...

Predator: Hunting Grounds is Coming to PS5 and Xbox Series X/S in Late 2024

Predator: Hunting Grounds is Coming to PS5 and Xbox Series X/S in Late 2024

Developer IllFonic has taken over publishing for the title, with a new update next month and additional Predat...

Helldivers 2 Patch Fixes Freezes From Arc-Based Weapons and Stratagems

Helldivers 2 Patch Fixes Freezes From Arc-Based Weapons and Stratagems

The new patch ensures the Arc-12 Blitzer, Arc Thrower, and Tesla Tower will no longer cause players' games to ...

Like a Dragon, Judgment Developer is Seemingly Teasing an “Important Announcement” for Monday

Like a Dragon, Judgment Developer is Seemingly Teasing an “Important Announcement” for Monday

But Monday is April Fool's Day, so it could be a whole lot of nothing. Then again, it could be Judgment 3.

Princess Peach: Showtime! Beats Dragon’s Dogma 2 and Rise of the Ronin to Top Weekly Japanese Charts

Princess Peach: Showtime! Beats Dragon’s Dogma 2 and Rise of the Ronin to Top Weekly Japanese Charts

Princess Peach steals the spotlight from both massive, new open world action RPGs in the latest sales charts f...